GCM Grosvenor (NASDAQ:GCMG) Announces Quarterly Earnings Results

GCM Grosvenor (NASDAQ:GCMG) released its earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07, FiscalAI reports. GCM Grosvenor had a negative return on equity of 246.80% and a net margin of 6.23%.The business had revenue of $177.10 million during the quarter, compared to the consensus estimate of $160.20 million.

GCM Grosvenor Price Performance

GCM Grosvenor stock opened at $9.90 on Tuesday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 35.36 and a beta of 0.80. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 112.30. The business has a 50-day simple moving average of $11.32 and a 200 day simple moving average of $11.80. GCM Grosvenor has a 52 week low of $9.86 and a 52 week high of $14.48.

Analyst Ratings Changes

GCMG has been the subject of several recent research reports. Oppenheimer set a $23.00 price objective on GCM Grosvenor and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised shares of GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, GCM Grosvenor currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Insider Activity

In other news, CFO Pamela L. Bentley sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the completion of the transaction, the chief financial officer owned 43,309 shares of the company’s stock, valued at approximately $502,817.49. The trade was a 48.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 77.30% of the company’s stock.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds have recently bought and sold shares of GCMG. UBS Group AG grew its stake in GCM Grosvenor by 438.3% in the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after buying an additional 1,493,250 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of GCM Grosvenor by 231.0% during the 3rd quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock worth $15,573,000 after acquiring an additional 900,458 shares during the last quarter. Qube Research & Technologies Ltd grew its position in GCM Grosvenor by 200.0% in the third quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company’s stock worth $8,532,000 after acquiring an additional 471,223 shares in the last quarter. Victory Capital Management Inc. grew its position in GCM Grosvenor by 3,351.9% in the third quarter. Victory Capital Management Inc. now owns 326,278 shares of the company’s stock worth $3,938,000 after acquiring an additional 316,826 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in GCM Grosvenor by 63.0% in the third quarter. Two Sigma Investments LP now owns 799,728 shares of the company’s stock valued at $9,653,000 after acquiring an additional 309,222 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.